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00:00LET ' S TALK ABOUT BRINGING WOMEN INTO THE WORKFORCE, PARTICULARLY THE C SUITE. HOW MUCH MORE WORK NEEDS TO BE DONE IN YOUR WORLD OF FINANCE TO IMPROVE DIVERSITY? HOW FAR HAVE WE COME AND WHAT MORE NEEDS TO BE DONE? JUNE: TREMENDOUS WORK STILL NEEDS TO BE DONE. IN OUR COMPANY WE HAVE 40% THAT ARE WOMEN BUT IT DOES NOT MEAN THAT THE CHALLENGE STOPS. WE KNOW THAT WOMEN DON ' T NECESSARILY COME INTO FINANCIAL SERVICES AND GET TO THE TOP UNLESS THERE IS ENOUGH SUPPORT AND SPONSORSHIP. WE SET SOME VERY AGGRESSIVE TARGETS, AND WE THINK MENTORSHIP IS REALLY CRITICAL TO ENSURING THAT WOMEN GET TO THE APPROPRIATE ROLES AND LEADERSHIP ROLES WITHIN FINANCIAL SERVICES. FRANCINE: UP TO US ABOUT SPECIFICALLY WHAT YOU ARE DOING APART FROM THE MENTORSHIP ROLES TO ONBOARD SOME FEMALE TRADERS. IS THE TRADING CLIENT BASE TRADING? ARE WE SEEING MORE FEMALES TRADING ECHO JUNE: WE ARE SEEING MORE FEMALES TRADE WITH THE NUMBERS ARE STILL WHITE LOW. WE ARE LOOKING AT 10 OR 15% IN TERMS OF THE U.S., EUROPE, ETC.. ASIA IS A BIT HIGHER AT ABOUT 30%. ONE OF THE KEY THINGS TO ENSURE WOMEN ACTUALLY MOVE INTO TRADING IS GETTING THE RIGHT EDUCATION, RIGHT CONTENT, RIGHT INFORMATION. WE ARE DOING AN ENORMOUS AMOUNT OF WORK TO ENSURE THAT OUR CONTENT IS REALLY CRITICALLY RELEVANT AND APPROPRIATE TO ENSURE PEOPLE GET THE CONFIDENCE AND INSIGHT TO BUILD THE EXPERIENCE. STARTING EARLY IS ALSO KEY IN TERMS OF FINANCIAL LITERACY. WE ARE INVESTING A LOT AS A COMPANY TO ENSURE WOMEN, PARTICULARLY IN DISADVANTAGED NEIGHBORHOODS AROUND THE WORLD THAT INTO FINTECH AND A AND FINANCIAL LITERACY. MARK: I LOOKED AT THE EST NUMBERS WHEN IT COMES TO IG GROUP AND YOUR PROGRESS AT THE BOARD LEVEL AND EXECUTIVE LEVEL. 2022 NUMBERS HAVE COME OFF. 2022 WAS WORSE THAN 2021 AT THE BOARD LEVEL AND THE EXECUTIVE COMMITTEE LEVEL. WHAT IS GOING ON THERE? JUNE: ACTUALLY SINCE THOSE NUMBERS HAVE BEEN POSED, IT HAS INCREASED AT THE EXECUTIVE LEVEL. WE HAVE MADE POSITIVE IMPROVEMENTS AS IT RELATES TO A 40% OF OUR EXECUTIVE COMMITTEE AND TOP LEADERSHIP TEAM ARE WOMEN. IN TERMS OF THE BOARD, WE HAVE CONTINUED TO LOOK AT DIVERSITY MORE BROADLY. WE ALSO HAVE PEOPLE OF DIFFERENT NATIONALITIES ON OUR BOARD. WE LOOK AT DIVERSITY MORE BROADLY, WE ARE VERY COMFORTABLE THAT WE ARE IN AN EXCELLENT POSITION. FRANCINE: WHEN YOU LOOK AT RETAIL TRADERS IN THE RISE IN COST-OF-LIVING RISES, WILL WE SEE LESS RETAIL TRADERS AND WHAT DOES IT MEAN FOR IG? JUNE: WE ARE BENEFITED BY THE FACT THAT MOST OF OUR PEOPLE ARE INFORMED AMBITIOUS PEOPLE THAT DO THE WORK AND ARE SELF-DIRECTED TRADERS AND INVESTORS. WE HAVE SEEN THAT THE LOYALTY ASSOCIATED WITH THAT GROUP AND THE SUPPORT WE PROVIDE HAS SHOWN THAT THAT GROUP REALLY HOLDS UP IN THESE ENVIRONMENTS. ACTUALLY, THE RECENT SURVEY SHOWS THAT DESPITE THE ECONOMIC DOWNTURN, MANY OF OUR -- THE BULK OF OUR U.K. CLIENTS ACTUALLY DID NOT SEE ANY NEGATIVE IMPACT TO THEIR PORTFOLIOS. IT IS BECAUSE OF THE EXPERIENCE AND THE SUPPORT WE PROVIDE IN TERMS OF CONTENT AND EDUCATIONAL BACKGROUND AND INFORMATION. MARK: HAVE YOU SEEN A DROP IN NEW CLIENT NUMBERS? JUNE: WE ARE STILL SEEING GROWTH IN NEW CLIENT NUMBERS. CLEARLY, VERSUS THE PANDEMIC THEY HAD NOT GROWN AT THE SAME LEVEL BECAUSE THAT WAS WHEN PEOPLE HAD -- MARKETS WERE INTERESTING AND IN COMPARISON, MARKET ARE INTERESTING WELL YESTERDAY BUT NOT AT THE SAME LEVEL VERSUS THE PRE-PANDEMIC PERIOD WE ARE STILL SEEING A POSITIVE GROWTH ACROSS THE GLOBE. THAT IS IN TERMS OF PEOPLE MOVING TOWARD SELF-DIRECTED TRADING. FRANCINE: WHEN YOU LOOK AT THE HUNT FOR YIELDS AND THE DIFFICULT MARKET CONDITIONS, HOW MUCH DOES THAT GET INTO THE VOLUMES? IF YOU LOOK AT THE NEXT 12 MONTHS, HOW MUCH VOLATILITY AND HOW DOES IT AFFECT HOW MANY PEOPLE COME ON YOUR PLATFORM? JUNE: VOLATILITY IS CLEARLY A FACTOR IN TERMS OF PEOPLE FINDING INTERESTING MARKETS TO TRADE. BECAUSE WE HAVE 19,000 MARKETS TO OFFER PEOPLE, THERE ' S ALWAYS SOMETHING THAT CATCHES THEIR ATTENTION AND THEY FEEL THAT THEY CAN POSITION THEIR PORTFOLIO BETTER BY LOOKING AT WHETHER IT IS COMMODITIES, INDICES, FX, FUTURES, ETC.. WE DO SEE THAT THEY WILL CONTINUE TO BE VERY INTERESTED IN TRADING GOING FORWARD. MARK: I WOULD LOVE TO GET YOUR VIEW ON A TOPIC FRONT AND CENTER IN THE FINANCIAL COMMUNITY PARTICULARLY THIS WEEK, THE NEWS THAT ARM IS LOOKING TO LIST AND THE U.S. AND A CRH. WE KNOW THAT PARIS HAS TAKEN THE CROWN IN TERMS OF THE LARGER STOCK MARKET VERSUS LONDON. HIS LONDON LOSING OR AT RISK OF LOSING THE BIGGER GROUND BEING THE KEY FINANCIAL HUB IN EUROPE? JUNE: IT ' S CLEARLY CONCERNING THAT MAJOR INSTITUTIONS LIKE ARM ARE CHOOSING TO MOVE THERE AS WELL SOME THE OTHER INSTITUTIONS , BUT WHAT IS IMPORTANT IS THE GOVERNMENT NEEDS TO TAKE -- IT IS LOOKING AT I UNDERSTAND AGGRESSIVE ACTIONS TO COUNTER THAT TREND AND TO ENSURE THAT THE FINANCIAL MARKET IS MUCH MORE ROBUST. A LOT THAT CAN BE DONE IN TERMS OF FINTECH IN PARTICULAR. THERE ARE WONDERFUL EXAMPLES AROUND THE WORLD AS IT RELATES TO TAX CREDITS FOR INVESTMENT IN R & D WHETHER IT IS ISRAEL OR FRANCE, THAT THE U.K. COULD TAKE ADVANTAGE OF IN TERMS OF COPYING AND BEST PRACTICES. I THINK THERE ARE OPPORTUNITIES FOR SHIFTING THE TREND IF THEY DO IT IN A CONSERVATIVE FASHION. FRANCINE: WHEN YOU LOOK AT FINTECH, IS THAT HOLISTICALLY TO ENHANCE TRADER EXPERIENCE ON THE PLATFORM, OR EXACTLY TO GET INTO ANOTHER TYPE OF MARKET? JUNE: IT IS THE WHOLE GAMUT. IT IS NOT JUST IN TERMS OF TRADING TECHNOLOGY BUT MORE BROADLY, THE USER EXPERIENCE ARE BROADLY IN TERMS OF NEW ASSET CLASSES AND HAVING THE ABILITY TO LEVERAGE TECHNOLOGY EFFECTIVELY TO CREATE COMPELLING USER EXPERIENCES BUT ALSO WONDERFUL NEW PRODUCTS IS FUND MENTAL. MARK: WHAT IS YOUR ASSESSMENT OF THE BREXIT DAMAGE ACROSS THE U.K. FINANCIAL SECTOR? JUNE: I THINK THERE ARE MANY OF A SET WOULD BELIEVE THAT THIS HAS BEEN A CHALLENGING TIME. I THINK THAT THE THE MOVE -- MARK: THAT SOUNDS LIKE AN UNDERSTATEMENT. JUNE: CHINESE, WHAT CAN I SAY? IT ' S A CHALLENGING TIME AND I WOULD SAY THAT TO THE EXTENT THAT THE U.K. STILL HAS ADVANTAGES THAT IT CAN LEVERAGE BOTH IN TERMS OF THE LANGUAGE IT WILL, WHICH -- AS WAS THE RULE OF LAW AND AS WELL AS THE HISTORIC EXPERTISE OF INNOVATION THAT HAS BEEN IN THIS MARKET, THERE ARE SOME OPPORTUNITIES TO HAVE SOME HOPE. BUT I DO THINK IT IS GOING TO BE VERY BUMPY TIMES. FRANCINE: WHEN YOU LOOK AT WHAT IS GOING ON IN CHINA, DOES THAT CHANGE THE FINANCIAL COMPLEX, WHAT THEY ARE TRYING TO ACHIEVE THEIR WITH A LIGHT THE FINANCIAL SECTOR? JUNE: AN INTERESTING LONG-TERM OPPORTUNITY. SHORT-TERM, VERY COMPLICATED. LONG TERM BECAUSE IF YOU LOOK AT CHINA AND WHAT THEY ARE DOING WITH THE GREATER BAY AREA AND MAKING THAT WHOLE MARKET INTERESTING, 60 MILLION PEOPLE IN HONG KONG AND BEYOND, AMBITIOUS INDIVIDUALS THAT HAVE LOTS OF EDUCATION AND WEALTH, I THINK THAT IS AN INTRIGUING MARKET. HOW THAT PLAYS OUT WILL BE HIGHLY DEPENDENT ON WHAT POLICIES ARE PUT IN PLACE TO KEEP THAT STILL INTERNATIONAL HUB FOR FINANCIAL MARKETS. THAT IS THEIR AMBITION AS I UNDERSTAND IT.

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IG Group Seeks More Female Traders With Clientele Dominated by Men

IG Group Chief Executive Officer June Felix says the company is trying to tempt more women into using its platform, with the firm’s client base of retail traders currently overwhelmingly male. “We are seeing more females trade, but the numbers are still quite low,” Felix told Bloomberg on International Women’s Day. She spoke on March 8, 2023 on "Bloomberg Markets: European Open." (Source: Bloomberg)